Purchased for $1.95 million in June of 2015, the 1,753-square-foot unit #7 in the former St Paul’s Primary School building at 300 Valley Street returned to the market priced at $2.195 million this past September, at sale at which would have represented total appreciation of 12.6 percent for the Noe Valley condo over the past four years.

 

In addition to two bedrooms, the “sun drenched” and “absolutely COOL modern day 2-level condominium” features a “gourmet kitchen with Caesarstone counters, DCS six-burner gas range, [and] stainless appliances,” along with high ceilings, two bathrooms, two fireplaces and a deeded space in the boutique building’s garage.

And having been reduced to $1.995 million in October, the sale of 300 Valley Street #7 has now closed escrow with a contract price of $1.975 million, representing total appreciation of 1.3 percent since the second quarter of 2015 on an apples-to-apples versus “median price” basis.

Comments from Plugged-In Readers

  1. Posted by Ohlone Californio

    This very nice condo with great bones and yes a coolness factor is also quite dated stylistically. Yes, it was as well back in 2015, maybe 10 years out of time at that point, but it is even more so now almost 2020. I understand the concept of the virtuous apple, truly. But at the same time, tastes change. (Island sink? wall to wall carpet? track lighting? the list goes on … ) And it still got more than it did in a hot 2015 market. This site would do well if it considered consider such factors instead of being so Case Shiller apostolic.

    My guess is when this returns to market next it will have been remodeled, not an apple anymore. Then it will likely command a premium price as it did when it was newly done in the mid 2000s, as yes, the bones are good and it is indeed quite a cool unit in a cool building.

  2. Posted by Mary Anne Urry

    I can’t figure out whose side you are on! Don’t you think the gain on this building was exorbitant? Why didn’t it go into low cost housing instead of two million dollar condos?

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